Mexico Car Leasing Market 2026 : Industry Size to Reach USD 15,416.33 Million by 2034, At a CAGR of 5.04%

IMARC Group has recently released a new research study titled "Mexico Car Leasing Market Size, Share, Trends and Forecast by Type, Lease Type, Service Provider Type, Tenure, and Region, 2026-2034", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico car leasing market size was valued at USD 9,903.50 Million in 2025 and is projected to reach USD 15,416.33 Million by 2034, growing at a compound annual growth rate (CAGR) of 5.04% during the forecast period from 2026 to 2034. The market growth is driven by corporate demand for fleet management solutions and individual preferences for flexible vehicle access without ownership burdens, supported by digital platforms and fintech innovations in leasing.

Study Assumption Years

● Base Year: 2025

● Historical Year/Period: 2020-2025

● Forecast Year/Period: 2026-2034

Mexico Car Leasing Market Key Takeaways

● The market size was valued at USD 9,903.50 Million in 2025.

● The market is expected to grow at a CAGR of 5.04% from 2026 to 2034.

● Business lease dominates with a 62.07% market share in 2025.

● Close ended lease accounts for 75.03% market share in 2025.

● Bank affiliated providers hold the largest share at 58.06% in 2025.

● Long-term tenure leads with a 66.02% share in 2025.

● Central Mexico is the largest region with a 35% market share in 2025.

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Mexico Car Leasing Market Growth Factors

Mexican enterprises in pharmaceuticals, retail, logistics, and government sectors increasingly use fleet leasing as a strategic tool to optimize operational expenditures and maintain modern vehicle fleets. Corporate finance recognizes leasing advantages such as preserved capital for core investments, predictable monthly expenses, and elimination of asset depreciation complexities. Industry reports show expanding lease portfolios annually, indicating a shift towards asset-light operational models enhancing financial agility.

Car leasing in Mexico benefits from digital transformation through deployment of cloud-based platforms and digital contract processing, enabling faster approvals and transparency throughout the lease lifecycle. Approximately 60% of Mexican light vehicles are now financed through credit mechanisms enhanced by digital platforms like BitCar. Features such as real-time vehicle monitoring and automated maintenance scheduling increase customer convenience and reduce administrative burdens.

Mexican tax regulations favor leasing over vehicle purchases, especially for businesses where lease expenses are deductible, significantly lowering total cost of ownership. The tax write-off for purchasing new cars is lower than that permitted for leasing. Additionally, policies making electric and hybrid vehicles more tax-deductible improve affordability and support growth in green vehicle leasing, creating sustained financial motivation for enterprises to adopt leasing structures that align with environmental compliance.

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Mexico Car Leasing Market Segmentation

Breakup by Type:

● Private Lease

● Business Lease

Business Lease dominates with 62.07% market share in 2025, driven by corporate adoption for fleet flexibility, favorable tax treatment, and bundled services simplifying fleet administration.

Breakup by Lease Type:

● Close Ended Lease

● Option to Buy Lease

● Sub-Vented Lease

● Others

Close Ended Lease leads the market at 75.03% share in 2025, offering predictable monthly payments and no residual value risks, favored by both consumers and corporate fleet managers.

Breakup by Service Provider Type:

● Original Equipment Manufacturer (OEM)

● Bank Affiliated

● Nonbank Financial Companies (NBFCs)

Bank Affiliated providers hold 58.06% market share in 2025, leveraging extensive branch networks, competitive rates, and integrated banking services to dominate leasing finance.

Breakup by Tenure:

● Short-Term

● Long-Term

Long-Term tenure prevails with 66.02% share in 2025, favored for stable, predictable expenses over 36-60 months with maintenance packages reducing burdens.

Breakup by Region:

● Northern Mexico

● Central Mexico

● Southern Mexico

● Others

Central Mexico is dominant with 35% share in 2025, driven by economic activity concentration around Mexico City and automotive corridors supporting strong leasing demand.

Regional Insights

Central Mexico leads the Mexico car leasing market with a 35% share in 2025. This region includes Mexico City metropolitan area and major automotive manufacturing corridors. Its economic, financial, and corporate headquarters concentration, along with high population density, fosters significant leasing demand primarily from multinational corporations and urban professionals seeking flexible mobility solutions.

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Key Players

● BBVA Mexico

● BYD (partnered with banks for electric vehicle financing)

Competitive Landscape

The Mexico car leasing market features competition among bank-affiliated institutions, original equipment manufacturer financing arms, independent lessors, and fintech platforms. Major banks capitalize on their branch networks, competitive funding, and integrated services to sustain leading positions. OEM-affiliated and fintech providers offer differentiated products for diverse customer segments, fueling continuous service enhancements and pricing optimization benefiting customers.

About Us

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.